COVER STORY
Autos: A New Industry Yes, Detroit is losing market share. But America is a big winner as foreign companies turn the U.S. into the center of a global industry
COVER IMAGE: The New American Auto Industry
CHART: As Foreign Brands Grab More of the U.S. Market...
TABLE: The Big Three
TABLE: Winners & Losers in the Brave New Auto World
Has the UAW Found a Better Road?
TABLE: Pressuring Detroit
INTERNATIONAL -- INT'L COVER STORY
The Global 1000 Companies that keep it simple are getting the vote of investors
UP FRONT
Talk Show
Not Much Help from the Help Line
A Drought of Foreign Tourists
On Second Thought
At Philip Morris, Perks for Life
A Nuke-Transport Route Near You
Enron 101
READERS REPORT
Outrage That Demands Action
The Obscenity of CEO Pay
Sing Out, Straight-Shooters
"There Is No Shame Left"
The CEO's Team: No "Yes Men"
Cronyism, American-Style
Blinded by Salary Bloat
Make Business, Not War
Straight Talk Beats Spin
The Best Message Is Jail
CORRECTIONS & CLARIFICATIONS
"BusinessWeek's Midyear Economic Forecast Survey for 2002-03" (BusinessWeek Investor, July 1, 2002)
"Sprint's sprightly marketing push" (Up Front, July 1, 2002)
BOOKS
A Flawed Crusade for Holocaust Justice
The BusinessWeek Best-Seller List
TECHNOLOGY & YOU
Is XP's Update Worth a Download?
ECONOMIC TRENDS
Not Such a Hot Party After All
Don't Blame Democracies...
Why the Fed May Cut Rates Again
ECONOMIC VIEWPOINT
Five Steps to Make Wall Street Safer for Investors
BUSINESS OUTLOOK
U.S.: Don't Let the Second Quarter Get You Down
Japan: Too Much Faith in Exports?
NEWS: ANALYSIS & COMMENTARY
Too Many Rotten Apples
COMMENTARY: Let's Really Clean Up Those Numbers--Now
Q&A: Lindsey: "I Think Only a Few People Really Broke the Law Here"
Q&A: Gephardt: "The Economy Is Falling Down Around Their Ears"
Commentary: The Boon behind the Bubble
Dashed Digital Dreams
What Will Happen to Vivendi's Goodies?
Commentary: Dan Case: A Class Act in the Valley
IN BUSINESS THIS WEEK
Kent Kresa: Another Under-the-Radar Success
Tyco Gets a Breather
Southwest Air's Family Feud
Spreading the Gospel of Eliot
Detroit Brings Back a Classic
Elusive Numbers at Adelphia?
Et Cetera...
Waves of Woe
WASHINGTON OUTLOOK
Democrats Find a New Ally: The Green Goblin
The Flak-Catcher
Merry Christmas
Tech Wins One--Finally
INTERNATIONAL BUSINESS
On the Edge at Credit Suisse
INTERNATIONAL OUTLOOK
The Palestinian Dilemma: Whether to Jettison Arafat
Ericsson's Troubled Deal
Russian Land Grab?
GOVERNMENT
We Shall Overcome, Too
DEVELOPMENTS TO WATCH
How to Put Bull's-Eyes on Cancer Cells
Fighting Fire with Man-Made Rainstorms
Earth off the Balance
A Serious Upgrade for the Cruise Missile
SCIENCE & TECHNOLOGY
Commentary: Smallpox: Who Should Be Immunized?
INFORMATION TECHNOLOGY
Can Software Stop Sun's Slide?
THE WORKPLACE
Getting the Boss to Behave
FINANCE
An Overdose of Options
The Campaign to Keep Options off the Ledger
Fixing the Engine Trouble at Ford Credit
ENTERTAINMENT
A Hollywood Ending for Multiplex Owners
THE CORPORATION
Buffett Jumps in Where Others Fear to Tread
BUSINESSWEEK INVESTOR
Are You Overstuffing Your 401(k)?
Cash-Flow Hocus-Pocus
Quandary at the Rental Counter
BUSINESSWEEK LIFESTYLE
The Skinny on Teeny Cameras
THE BARKER PORTFOLIO
Bargain-Hunting in the Small-Cap Patch
INSIDE WALL STREET
High on OfficeMax
Ericsson Has Some Lonely Fans
Hard Landing ahead for ScanSoft?
FIGURES OF THE WEEK
Figures of the Week (.pdf)
EDITORIALS
The System Needs Fixing, Mr. President
INTERNATIONAL -- READERS REPORT
Faith in U.S. Executives Is in Free Fall
U.S. Steel: Be Cruel to Be Kind
Rumors of India's Economic Demise Are Highly Exaggerated
Putting Drugmakers under a Microscope
INTERNATIONAL -- ASIAN BUSINESS
Jakarta's New Titans
This Conglomerate Is Crony-Free
India's Press Braces for a Rewrite
Beijing Gets Cold Feet--and Freezes a Key Reform
INTERNATIONAL -- EUROPEAN BUSINESS
Can Renault Do It Again?
Vodafone's Gent May Be Making the Wrong Call
The Sweet Smell of Fast Growth
INTERNATIONAL -- FINANCE
The American Banker Making Waves in Russia
A Hole Too Big for Korea to Ignore?
INTERNATIONAL -- INT'L FIGURES OF THE WEEK
International Figures of the Week (.pdf)
INTERNATIONAL -- EDITORIALS
What Really Brought Messier Down
ARTICLES PREVIOUSLY PUBLISHED IN INTERNATIONAL EDITIONS
July 8, 2002
China: The Tricks of Trade
Clear Sailing for Pirates
Online Highlights
from this issue
Magazine Forums
Cover Photo-Illustration by Joe Calviello/BW; Auto Photograph by Greg Jarem; Map by @American Map Corporation
Asian and European Cover by Louis Fishauf
For articles in the July 15, 2002 domestic edition previously published in international editions
RECENT ISSUES
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Letter to Bush
BW's Bruce Nussbaum asks the President to face up to the corporate scandals and push for reforms
Capitalism, China-style
While the U.S. tries to deal with scandals tarring its system, China is promoting its own version, says BW's Bob Dowling
401(k) Pitfalls
They can be a good savings strategy, but beware the tax impact when you withdraw, says BW's Peter Coy
A Little Good News
Manufacturers are getting more orders -- but the market is still a worry, says BW's Kathleen Madigan
New Reality
Investors need to adjust their way of thinking, says BW's Gene Marcial, who also offers some names the Street is eyeing
Built to Last
S&P's Michael Jaffe says stronger new-home sales will benefit KB Home and Lennar -- two of his top picks in this booming sector
SPECIAL REPORTS
Best Global Brands
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Best Places to Launch a Career
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BusinessWeek 50
Our picks of the top-performing companies from the S&P 500. Plus, regional rankings for Asia and Europe:
Asia's BusinessWeek 50
Europe's BusinessWeek 50
Customer Service Champs
Companies that excel at pleasing customers, based on J.D. Power & Associates customer satisfaction data and our own reader survey
Hot Growth 100
From young, upstart companies to those that have been around for centuries: Plus, regional rankings of top-performing small businesses in Asia and Europe:
Asia's Hot Growth 100
Europe's Hot Growth 100
Info Tech 100
Emerging-market cellular players, wireless phone and gear makers, and Web giants are this year's stars
World's Most Innovative Companies
Nurturing, creative cultures allow these companies to wow customers with innovative products and services
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